Oscillating market
50 EMA resistance
+3 true S/R touches
MACD divergence
Phase: Pullback
Market deceleration
1:1 win ratio
50 EMA resistance
+3 true S/R touches
MACD divergence
Phase: Pullback
Market deceleration
1:1 win ratio
Trade chiuso manualmente:
Due to lower timeframe analysis i decided to close my position. The price made a bullish 50 EMA support re-test.
Commento:
Main reason why i canceled my order on 08.06 was because of a failed shooting star candle formation but the latest D1 candle shows bearish signs again.
Trade attivo
Trade chiuso: obiettivo raggiunto
sl @ 0.70650
tp @ 0.69494
The reason why i placed a new entry order is because the D1 candle formation from 11.06. shows significant bearish signs and we have a bearish 50 EMA break through. Best case scenario would be a re-test of the 50 EMA resistance.